Results 7,561-7,580 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Liquidation (30 Apr 2015)

Michael Noonan: I propose to take Questions Nos. 73 and 81 together. I am advised that due to commercial confidentiality and sensitivities, the Special Liquidators do not propose to provide details of amounts due and paid to KPMG by Irish Bank Resolution Corporation Limited prior to the appointment of the Special Liquidators. However, any amounts owing at the date of the appointment of the Special...

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: During the Department of Finance review into the sale of Siteserv, the share price movement of Siteserv was not brought to the attention of me or officials in my Department. Neither I nor officials in my Department monitored the share price as we did not have a direct shareholding in Siteserv. The Irish Stock Exchange investigates suspicious share trading...

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: I propose to take Questions Nos. 75 and 84 together. There was a professional working relationship between my Department and senior management of IBRC at all times. Given the issues which the bank was dealing with at the time, this may not have always led to agreement on certain matters between my Department and senior management of IBRC, nor should this be expected. I would expect...

Written Answers — Department of Finance: Ministerial Meetings (30 Apr 2015)

Michael Noonan: I spoke with An Taoiseach on the morning of 22 April 2015 during which we discussed various matters including that of Siteserv. During this exchange, I let an Taoiseach know that the Chairman provided me with strong assurances that the transaction, including those aspects of the transaction with which there were concerns, had been thoroughly assessed by the IBRC Board and that the...

Written Answers — Department of Finance: Ministerial Responsibilities (30 Apr 2015)

Michael Noonan: The Board of IBRC met and approved the sale of Siteserv on 15 March 2012. On 16 March 2012, given that Siteserv was a member of the Enterprise Securities Market, it was announced to the Stock Exchange of the proposed disposal of the Siteserv business to Millington. As per the RNS on the Irish Stock Exchange, completion of the sale was subject to and conditional upon a number of...

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: Neither I nor officials in my Department are aware of any other concerns regarding the sale of Siteserv other than those contained in records which were recently released under FOI and are available on the Department of Finance website.

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: A number of concerns around various matters including certain transactions were raised by my officials which are set out in records recently released under FOI and which are available on the Department of Finance website at . I would encourage the Deputy to review these records and revert with any specific questions he has on any of these matters.

Written Answers — Department of Finance: Departmental Correspondence (30 Apr 2015)

Michael Noonan: There is no record of any correspondence in my Department from Siteserv.

Written Answers — Department of Finance: Departmental Contracts (30 Apr 2015)

Michael Noonan: KPMG received no payment for work done in my Department since 2012. Two individuals from KPMG were seconded to my Department on a pro bono basis for part of 2012 and 2013.

Written Answers — Department of Finance: Ministerial Correspondence (30 Apr 2015)

Michael Noonan: There is no record in my Department of a letter being received from Davy Stockbrokers in connection with the Siteserv sale. However, in the context of responding to recent questions regarding the transaction, officials in my Department have received correspondence from Davy confirming that Davy were advising Siteserv exclusively.

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: There was a professional working relationship between my Department and senior management of IBRC at all times. Given the issues which the bank was dealing with at the time, this may not have always led to agreement on certain matters between my Department and senior management of IBRC, nor should this be expected.  I would expect healthy debate on such...

Written Answers — Department of Finance: Ministerial Dialogue (30 Apr 2015)

Michael Noonan: Neither I nor officials from my Department are aware of any specific concerns being raised with the European Commission regarding the quality of some of the managerial decisions taken at IBRC.

Written Answers — Department of Finance: IBRC Liquidation (30 Apr 2015)

Michael Noonan: There was no specific dialogue between my Department and the European Commission in relation to the appointment of the Special Liquidator to IBRC given the scale and sensitivity of that decision. It should be noted however that the European Commission, as part of the Troika, were involved in discussions regarding the restructuring of the Promissory Notes generally in the period leading...

Written Answers — Department of Finance: IBRC Operations (30 Apr 2015)

Michael Noonan: Upon the receipt of critical representations following the transaction, Department of Finance officials inquired about the transaction with IBRC management as part of their regular engagement. Following initial discussions, they agreed with IBRC's Chairman and CEO (on 31 May 2012) that they would review the available information on the transaction involving Siteserv in greater detail to...

Written Answers — Department of Finance: Tax Code (29 Apr 2015)

Michael Noonan: I am aware that the Department of the Environment and the PRTB have been examining the issue of the private rental market and looking at possible reforms for this sector. In 2014, the Private Residential Tenancies Board (PRTB) commissioned two research reports to explore the policy options required to ensure a sustainable private rented sector into the future. The main report, entitled...

Written Answers — Department of Finance: IBRC Operations (29 Apr 2015)

Michael Noonan: Neither I nor officials in my Department hold a record of the list of shareholders who benefitted from the sale of Siteserv in 2012 other than the partial summary of the top 10 shareholders of Siteserv as at December 9, 2011, already released under Freedom of Information and available on the Department of Finance website.  However, I understand the Special...

Written Answers — Department of Finance: Revenue Commissioners Resources (29 Apr 2015)

Michael Noonan: I am informed by the Revenue Commissioners that Revenue currently has three mobile scanner systems. Two of these are mobile x-ray container scanning systems that are based at Dublin Port and Rosslare Ferry Port respectively. Both of these scanners are available for deployment at other ports, and at other locations such as warehouses, as required, and Revenue uses them, on a risk assessment...

Written Answers — Department of Finance: IBRC Operations (29 Apr 2015)

Michael Noonan: Neither I nor officials from my Department were involved in the transaction involving the company referred to in the question.  Following the transaction the Chairman provided direct assurances to me that the transaction had been run by the company in the best possible manner to acheive the best result for IBRC and consequently the State. In light of the above, neither I nor...

Written Answers — Department of Finance: IBRC Operations (29 Apr 2015)

Michael Noonan: As contained in material previously released under Freedom of Information and available on the Department of Finance website ahead of a meeting with the Chairman and CEO of IBRC on 25 July 2012, which I also attended, there was a recommendation in a note prepared for myself and the senior officials attending the meeting that the Chairman of IBRC be asked to commission...

Written Answers — Department of Finance: Revenue Commissioners Resources (29 Apr 2015)

Michael Noonan: I am informed by the Revenue Commissioners that they are a fully integrated tax and customs administration and that it is not possible to disaggregate resources deployed exclusively at any given time on customs work. Revenue currently has approximately 2,000 staff engaged on activities that are dedicated to targeting and confronting non-compliance. These front-line activities include...